Birmingham-based Fleetio Tuesday announced a landmark deal to acquire maintenance platform Auto Integrate, creating a one-stop-shop company worth $1.5 billion.

The fleet optimization platform closed on more than $450 million to finance the deal.

The acquisition also creates a platform which can serve fleet operators of all sizes across North America. The combined entity will service more than 8 million vehicles and process, more than 13 million repair orders annually.

The platform services a network of more than 110,000 repair shops across the United States, Canada, and Mexico.

Fleetio CEO Jon Meachin said the acquisition is “transformative.”

“By bringing together Fleetio’s comprehensive fleet optimization capabilities with Auto Integrate’s specialized maintenance authorization network, we’re creating a truly customer-focused, end-to-end solution that addresses the most critical pain points fleet operators face today,” Meachin said.

Auto Integrate’s software enables repair shops to electronically submit repair orders for approval, reducing vehicle downtime and improving operational efficiency.

In an announcement, Fleetio said it is committed to “substantial investments in research and development” to further enhance Auto Integrate’s platform and to integrate it within the Fleetio system.

These investments will directly benefit existing Fleetio and Auto Integrate customers, including Fleet Management Companies (FMCs), rental car operators, repair shops and other vendors.

Auto Integrate CEO Terry Bartlett said its customers have asked for a more integrated approach to maintenance management.

“By joining forces with Fleetio, we’re able to deliver exactly what they need – a unified platform that eliminates communication barriers between fleet operators and repair facilities, and ultimately keeps vehicles on the road longer at lower costs,” Bartlett said.

Bartlett will join Fleetio’s executive team.

“From day one, our focus has been on one simple question: how can we create the most value for our customers?” said Fleetio Founder and Board Chair, Tony Summerville. “Bringing Fleetio and Auto Integrate together is a game-changer for both fleets and repair shops, ensuring a seamless, more connected maintenance experience. Whether a shop does a little or a lot of fleet business, this combination eliminates friction and makes it easier than ever for shops to work with more fleets.”